Nostr Report Sunday Op-Ed
Remember, Sunday is for plebs here on Nostr Report. Thank you to The: Daniel⚡️ (npub1aeh…4nwx) - cofounder of the #Nodestrich group - for contributing this Sunday Op-Ed. Enjoy!
Bitcoin for Bunnies 🐰🕳️
By
The: Daniel⚡️ (npub1aeh…4nwx)
This is the debut of Bitcoin for Bunnies. 🐰🕳️ It’s like the “For Dummies” series, but it's for people just starting their journey down the rabbit hole. It’s a never-ending ride, and new bitcoin users are multiplying like rabbits, so hop on in and let’s get started!
Self-custody on Lightning is hard. Setting up a web server to create a NIP-57 zap-compatible LNURL/Lightning Address? No way, man! That's why most people begin with custodial wallets. They're great for onboarding yourself, your friends, and family, but this is only a stepping stone into the larger world of becoming a self-sovereign bitcoiner. Self custody is not something to learn how to do down the road, because by that point it may be too late.
Last week, we saw the risks in only using custodial wallets, with repeated Wallet of Satoshi outages, and Thursday’s announcement that BlueWallet is shutting down its custodial node, which caught a lot of people by surprise. NYKNYC (Not your keys, not your carrots…er, cheese!) still matters in Lightning, so remember to only keep small balances in custodial wallets, move anything you don't want to risk to cold storage, and learn how to run your own Lightning node, along with the associated risks of doing so.
Remember that you're not alone in this journey, and most of the people around you are at a stage in the process that you've either been through, or may soon be ready for. Ask questions, stay curious, share what you've learned, and don't trust, verify.
There are some great resources you can use to build your knowledge.
#Nodestrich is a community of noderunners on Nostr at all levels, learning from each other:
https://nodestrich.com/
BTCsessions (npub1rxy…hnp8) has a YouTube channel full of educational videos:
https://www.youtube.com/channel/UChzLnWVsl3puKQwc5PoO6Zg
DarthCoin (npub1lxk…5xlc) has a Substack of in-depth Bitcoin Guides:
https://darthcoin.substack.com/
Gigi (npub1der…xzpc) writes some of the best essays on bitcoin you’ll ever read:
https://dergigi.com
You’ve reached the tail end. Keep burrowing, friends!
🐰🕳️
NostReport / The Nostr Report
npub19m…j6vzk
2023-02-26 14:01:58
Author Public Key
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2023-02-26 14:01:58Event JSON
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"content": "Nostr Report Sunday Op-Ed\n\nRemember, Sunday is for plebs here on Nostr Report. Thank you to #[0] - cofounder of the #Nodestrich group - for contributing this Sunday Op-Ed. Enjoy!\n\nBitcoin for Bunnies 🐰🕳️ \nBy\n#[2]\n\nThis is the debut of Bitcoin for Bunnies. 🐰🕳️ It’s like the “For Dummies” series, but it's for people just starting their journey down the rabbit hole. It’s a never-ending ride, and new bitcoin users are multiplying like rabbits, so hop on in and let’s get started!\n\nSelf-custody on Lightning is hard. Setting up a web server to create a NIP-57 zap-compatible LNURL/Lightning Address? No way, man! That's why most people begin with custodial wallets. They're great for onboarding yourself, your friends, and family, but this is only a stepping stone into the larger world of becoming a self-sovereign bitcoiner. Self custody is not something to learn how to do down the road, because by that point it may be too late.\n\nLast week, we saw the risks in only using custodial wallets, with repeated Wallet of Satoshi outages, and Thursday’s announcement that BlueWallet is shutting down its custodial node, which caught a lot of people by surprise. NYKNYC (Not your keys, not your carrots…er, cheese!) still matters in Lightning, so remember to only keep small balances in custodial wallets, move anything you don't want to risk to cold storage, and learn how to run your own Lightning node, along with the associated risks of doing so. \n\nRemember that you're not alone in this journey, and most of the people around you are at a stage in the process that you've either been through, or may soon be ready for. Ask questions, stay curious, share what you've learned, and don't trust, verify.\n\nThere are some great resources you can use to build your knowledge.\n\n#Nodestrich is a community of noderunners on Nostr at all levels, learning from each other:\nhttps://nodestrich.com/\n\n#[4] has a YouTube channel full of educational videos:\nhttps://www.youtube.com/channel/UChzLnWVsl3puKQwc5PoO6Zg\n\n#[5] has a Substack of in-depth Bitcoin Guides:\nhttps://darthcoin.substack.com/\n\n#[6] writes some of the best essays on bitcoin you’ll ever read:\nhttps://dergigi.com\n\nYou’ve reached the tail end. Keep burrowing, friends!\n🐰🕳️",
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